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Dec 23, 2012
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that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing until we know why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one. my best friends in the senate, is the way to go. that's risking the united states. the president has said he is not going to hold the credit of the united states so someone can achieve a political agenda. don't count on bargaining over the debt ceiling. on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. i
that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing until we know why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one. my best...
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Dec 30, 2012
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we'll go the way of greece, and the president hasn't moved off that. he's still playing politics with these issues, and frankly i think most of us now don't care who gets the blame. we're concerned about our economy and about our paychecks. >> richard, senate minority leader mitch mcconnell took to the senate floor this afternoon and said despite the setback all is not loss. >> there's no situation that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> you know, so richard, here we are talking about this blame game, and everybody is pointing their fingers at one another as we've been hearing all afternoon. what do you think that republicans are looking for here? >> i heard the same "meet the press" interview that terry did. i didn't hear the president casting blame. what i heard was the president talking the ways in which he's gone more than halfway to the republicans' position on
we'll go the way of greece, and the president hasn't moved off that. he's still playing politics with these issues, and frankly i think most of us now don't care who gets the blame. we're concerned about our economy and about our paychecks. >> richard, senate minority leader mitch mcconnell took to the senate floor this afternoon and said despite the setback all is not loss. >> there's no situation that remains an impossible sticking point. the sticking point appears to be a...
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Dec 12, 2012
12/12
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality for
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 28, 2012
12/12
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greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >> the cost of staging has been mounting in recent years. russia put on the beijing of song. it was like the chinese olympics. azerbaijan last year pumped out their national output on the stage. they were competing to show off to europe, look what we're like from the east, the former soviet republic. ♪ >> reporter: there's a lesson to be learned from previous eurovision winners. in budgets and costumes, less is often more. ♪ the rules of the game >> reporter: cnn, london. >>> all right. i want to go back to richard quest in london to talk a little abou
greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >>...
WHUT (Howard University Television)
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Dec 19, 2012
12/12
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i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do improvements and reforms. i don't think spending money is the solution. there are smart ways to spend it for sure, but i don't buy this idea that bigger keynesian stimulus will solve our problems, these fundamental problems with demographics, with slowing innovation, and other things we are experiencing. i think we need more fundamental reform and my colleagues like paul krugman will say, you know, i hear that all the time but i really want to see -- i want to see stimulus now, and i think we have been doing this for a long time, we are doing it at seven percent of gdp at the moment, and i think it is sensible t
i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do...
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Dec 10, 2012
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countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. n
countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic...
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Dec 23, 2012
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here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said the president has to act on spending before there can be a deal. let's listen to that. >> where the president has not been serious is the other side of the equation. he is all about taxes and has this mandate on taxes but the spending cuts, the need to get us out of this mess, he hasn't been serious about those and that is unfortunate. >> he is saying president obama is all about raising taxes and not about cutting spending. do you think that is true? do you think the president has brought up troupe spending cuts? >>
here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say...
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Dec 30, 2012
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we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you guys serve in is just broken? >> well, it is, and it needs to change. this conservative republican, this progressive carriage we both voted for it. we worked on this for three years. there is room for compromise and agreement. here's what we ran into the problem with. 40% of deficit reduction in the sim son-bowles came from additional revenue, 40%. when we said to speaker boehner you have to come up with revenue, he said i'll come up with a plan that protects those making less than $1 million. he couldn't silent republican caucus. the only way we deal with this cries and the deficit is on a bipartisan bas
we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you...
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Dec 13, 2012
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i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would drae grae to testify publicly, but there are obviously congress has an obligation i think they have chosen to highly objective non-political, non-partisan people in tom pickering, ambassador tom pickering, and admiral mike mullen, and we'll see what the report says, but clearly the administration does need to deal with these issues before we get to 2013 and the president's inauguration. >> and one of the questions that is being examined is all of the warnings and the incident -- there were five separate incidents that preceded the fatal at
i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would...
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Dec 31, 2012
12/12
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greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
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Dec 4, 2012
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if you read the newspapers, you see the fiscal catastrophe of greece, the fragile economics of other countries on the periphery, you see how it's possible for countries to blow it, to keep running up debt, keep spending more than they bring in. right now the world is looking at us, the whole world, by the way, people as far away as hong kong, people have to make sharp decisions about money and see if we, the americans, can be the deadline we set ourselves. can we do what arithmetic dictates and meet our own commitments can't we? i was out there pretty much alone about those wars with iraq, with warning about the weaknesses, political weaknesses of certain democrats over the years, but this fiscal cliff i say is for real. there on would be nothing but trouble if we go over it. even if we get to close to it. the president staked out his
if you read the newspapers, you see the fiscal catastrophe of greece, the fragile economics of other countries on the periphery, you see how it's possible for countries to blow it, to keep running up debt, keep spending more than they bring in. right now the world is looking at us, the whole world, by the way, people as far away as hong kong, people have to make sharp decisions about money and see if we, the americans, can be the deadline we set ourselves. can we do what arithmetic dictates and...
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Dec 5, 2012
12/12
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if you read the newspapers, you see the fiscal catastrophe of greece. right now, the world is looking at us. the whole world. people as far away as hong kong. people have to make sharp decision about money and they are making to see if we americans can be the deadline. can we meet our own commitments? i have been alone in the role i've got here. i was alone about the wars in iraq. political weaknesses of certain democrats over the years. but this fiscal cliff is for real. nothing but trouble if we go over it. even if we get close to .
if you read the newspapers, you see the fiscal catastrophe of greece. right now, the world is looking at us. the whole world. people as far away as hong kong. people have to make sharp decision about money and they are making to see if we americans can be the deadline. can we meet our own commitments? i have been alone in the role i've got here. i was alone about the wars in iraq. political weaknesses of certain democrats over the years. but this fiscal cliff is for real. nothing but trouble if...
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Dec 30, 2012
12/12
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on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do something about it? why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we are back. let me just go back to one point, and that is there are people sitting around wondering whether their taxes will go u
on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do...
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Dec 28, 2012
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my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that prosperity didn't last. youngstown ohio was the manufacturing backbone of this country but starting the late 1 1970s, the steel mill started to close, kicking this proud town in the gut. entrepreneur magazine named it one of the top ten best cities to start a new business. that's something that would have been unthinkable just a decade ago. >> it's a wireless device to allow students in the classroom to communicate with teachers. highly skilled, highly qualified people from a lot of good universities and colleges in the area, we were able to pic
my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that...
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Dec 10, 2012
12/12
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. >> are we greece? >> our politics are becoming as dysfunctional as greece. i mean, we're not greece, but if you look at what businessmen say about why they're not investing in the u.s., they will often give dysfunctional politics in washington as the top answer. it's not even tax rates that people are concerned about. it's just getting a deal, getting people aligned. >> we're going to roll some tape, but i just wanted to ask you quickly, last week your sort of advice to republicans was don't cave, compromise. >> right. >> so this week, given what we've seen so far, we see these one-on-one negotiations taking place, what do you think the best strategy on the part of the republicans is? >> don't cave. compromise. you're not going to get 35%. you're just not going to. you're not going to. the economy will go up in flames. you're just not going to get 35%. the president needs to understand he's not going to get 39.6%. if i were sitting in the house and the president asked me to go four, five percentage points up on tax rates right now, i wouldn't do it. i just w
. >> are we greece? >> our politics are becoming as dysfunctional as greece. i mean, we're not greece, but if you look at what businessmen say about why they're not investing in the u.s., they will often give dysfunctional politics in washington as the top answer. it's not even tax rates that people are concerned about. it's just getting a deal, getting people aligned. >> we're going to roll some tape, but i just wanted to ask you quickly, last week your sort of advice to...
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Dec 24, 2012
12/12
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so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role model. that would be 9-year-old gabriella miller. she got strangers from around the world to write letters to santa. that out pouring will bring some joy for severely ill children like gabriella herself. now, our affiliate has the story. >> we have a mountain of letters here. >> reporter: chris' cramped foyer in leesburg, virginia, was transformed saturday into a remarkable repository of letters. >> here's a heavy bin if anybody's feeling strong. >> reporter: for weeks, she and a small band of volunteers have been counting, culling and reading. >> this would be
so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role...
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Dec 24, 2012
12/12
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some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling familie
some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again....
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Dec 11, 2012
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president, and use your mandate to bring this country together to stop us from becoming greece. >> okay. there we go. some advice there for the president. >>> here with us now former white house counselor for president bush. ceo of the consulting firm, hill and milton strategies. dan bartlett back at the table. good to have you this morning. a couple must reads to look at. >> you can ask a question if i can ask rattner a question. you go first. >> when are you going to man up? what happened, man? we republicans, we used to drive liberals crazy. we'd win elections we shouldn't win. we would steal senate seats we should never steal. we would shock -- they never saw it coming. willie geist talked about the morning after the 2004 election, you had liberals on the upper west sidewalking around like zombies. some of them walked straight into the hudson river. that doesn't happen. we're not the smart party, we're the stupid party. what happened? >> well, there's that. >> what happened in '12? how did we perform so badly? is it our tactics? >> well, the primary process obviously didn't help us
president, and use your mandate to bring this country together to stop us from becoming greece. >> okay. there we go. some advice there for the president. >>> here with us now former white house counselor for president bush. ceo of the consulting firm, hill and milton strategies. dan bartlett back at the table. good to have you this morning. a couple must reads to look at. >> you can ask a question if i can ask rattner a question. you go first. >> when are you going...
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Dec 11, 2012
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if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost every state has different regulations. is it not time in america, perhaps truly was united on these big issues which in the end are about fairness and equality as with gay rights. they weren't having any of that. it gets lively. >> the full interview tonight at 9:00 p.m. eastern. "piers morgan tonight." please come back and visit. >> this is why you get the bond movies and i end up with denzel castoffs. >> some days you may be in a james bond movie too. >> the worst moment of my career was taking my wife to see the bond movie and see your head rear up as the star of the film. >> some day. >> i am s
if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost...